Legal & General Group Plc Increases Holdings in LifePoint Health Inc (LPNT)

Legal & General Group Plc raised its stake in shares of LifePoint Health Inc (NASDAQ:LPNT) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,590 shares of the company’s stock after buying an additional 2,664 shares during the period. Legal & General Group Plc owned about 0.16% of LifePoint Health worth $3,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of LifePoint Health by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,211 shares of the company’s stock worth $216,000 after purchasing an additional 9 shares in the last quarter. US Bancorp DE increased its stake in shares of LifePoint Health by 0.8% in the 2nd quarter. US Bancorp DE now owns 1,947 shares of the company’s stock worth $130,000 after purchasing an additional 16 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of LifePoint Health by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,891 shares of the company’s stock worth $396,000 after purchasing an additional 56 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of LifePoint Health by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,678 shares of the company’s stock worth $113,000 after purchasing an additional 164 shares in the last quarter. Finally, ETRADE Capital Management LLC increased its stake in shares of LifePoint Health by 3.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 6,896 shares of the company’s stock worth $463,000 after purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 99.18% of the company’s stock.

In other LifePoint Health news, Director Marguerite Kondracke sold 3,907 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $44.73, for a total transaction of $174,760.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.76% of the stock is owned by corporate insiders.

LPNT has been the subject of several analyst reports. Zacks Investment Research lowered LifePoint Health from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. BMO Capital Markets initiated coverage on LifePoint Health in a research note on Monday, October 16th. They issued a “market perform” rating and a $59.00 price objective for the company. KeyCorp restated a “hold” rating on shares of LifePoint Health in a research note on Sunday, October 29th. Citigroup dropped their target price on shares of LifePoint Health from $70.00 to $60.00 and set a “buy” rating for the company in a report on Monday, October 30th. Finally, SunTrust Banks set a $54.00 target price on shares of LifePoint Health and gave the stock a “hold” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.23.

LifePoint Health Inc (LPNT) opened at $49.00 on Friday. LifePoint Health Inc has a 1-year low of $42.50 and a 1-year high of $70.95. The company has a market cap of $1,901.81, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 1.24.

LifePoint Health (NASDAQ:LPNT) last released its quarterly earnings data on Friday, October 27th. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.15). LifePoint Health had a net margin of 2.45% and a return on equity of 7.01%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts forecast that LifePoint Health Inc will post 3.64 earnings per share for the current fiscal year.

LifePoint Health declared that its board has approved a stock repurchase plan on Friday, October 27th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

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LifePoint Health Profile

LifePoint Health, Inc, through its subsidiaries, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities. As of December 31, 2016, the Company operated 72 hospital campuses in 22 states, having a total of 9,424 licensed beds. It offers a range of general and specialized healthcare services to patients through a network of hospitals and outpatient facilities.

Institutional Ownership by Quarter for LifePoint Health (NASDAQ:LPNT)

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